ADC12 Price Daily Review: Aluminum Rebounds but ADC12 Faces Upward Resistance

Publicado: Mar 12, 2025 14:16
[ADC12 Price Daily Review] Today, aluminum prices recovered the losses of the previous two days, with SMM A00 aluminum prices surging by 190 yuan from the previous trading day to 20,900 yuan/mt, while secondary aluminum prices encountered resistance in their upward movement. Domestic SMM ADC12 prices remained flat from yesterday, staying within the range of 21,200-21,400 yuan/mt. In the import market, overseas ADC12 prices held firm at a high level near $2,500/mt, and due to the strengthening of the yuan exchange rate, the immediate import loss slightly narrowed to within 200 yuan/mt. Aluminum prices rebounded significantly today, but the secondary aluminum market lacked momentum to follow the increase, with most manufacturers maintaining a wait-and-see stance. Current market demand is weaker than expected, with orders recovering slowly, limiting the upside room for ADC12 prices. As raw material market liquidity improves, cost side support is weakening further. If the recovery in end-use consumption lacks sustainability, coupled with further loosening of cost support, ADC12 prices are expected to face continued resistance to upward adjustments or even downward pressure.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn